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Topic: Cloud mining/Investing or trading on localbitcoins? (Read 12290 times)

brand new
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full member
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Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks  Smiley
Well based on my experience trading and investment is more appropriate if you wanted to double your bitcoins. I have no enough knowledge on cloud mining but I can assure that trading and investment is much better. I have been try cloud mining but I never been withdraw my savings in that site hence, I stay away from it.
hero member
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Friends said that they do not pay for cloud mining
Yes they don't pay at the end of your investment. Their scheme is they'll pay for the early investors to make it look legit but once they've got a lot of investors that's the time that they'll start to execute their plan. And that is to scam people and when they've got enough investors that invested big amount to them, they will just go without even saying good bye to them.
newbie
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Friends said that they do not pay for cloud mining
full member
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Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks  Smiley

You can start selling bitcoin but stay away in using paypal as your mode of payment because they can  reverse their payment to you within 180days and you get nothing. I also dont believe in cloud mining later or sooner they will just run the money of their depositor. If you have big capital buy mining rig and start mining cryptocurrency.
sr. member
Activity: 303
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Cloud mining is a place wich can make you get easy money, for example hashnest is a place where you can trade daily your hash being able to grow your coins with those and earn from mining as well. Being able to trade is something not all has balls to give a try since anybody can loose money into it, unlike localbitcoins, wich is a service you will provide, soo you buy lets say 10 bitcoins at the daily cost and sell it a bit expensive for profit.

I dont make the localbitcoin option just and soo far im very happy to had invested into hashnest as well keep doing trading.



Like you said cloud mining is a best place you can get earnings easily than trading on local bitcoins.So you need enough investment for the mining process and join in the good pools will give you good rewards.But if you have the trading skill you can trade those mined bitcoins to earn extra profit.We have to try every ways available to earn money.Best of luck.
hero member
Activity: 729
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Cloud mining is a place wich can make you get easy money, for example hashnest is a place where you can trade daily your hash being able to grow your coins with those and earn from mining as well. Being able to trade is something not all has balls to give a try since anybody can loose money into it, unlike localbitcoins, wich is a service you will provide, soo you buy lets say 10 bitcoins at the daily cost and sell it a bit expensive for profit.

I dont make the localbitcoin option just and soo far im very happy to had invested into hashnest as well keep doing trading.

newbie
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Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to [Suspicious link removed] is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks  Smiley

you get good idea friend but once you are enter in to this field then you want to earn some more bit coins. bit coin trading and localbitcoin is very easy process to earn bit coins. but mining give to some more profit compare to trading/localbitcoin and investing. but in mining need more money and time and electricity. but if you have to effort on that just try it once. for earning profit is it one of the good way.
sr. member
Activity: 1666
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Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks  Smiley
For me I do prefer to use the investment and trading if I wanted my money to get double. Investment is pretty good when it comes on gaining a profit however it will takes time in order for you money to get double. Next is trading, I chose trading because I also earning in this way and I guess it is effective however it requires a experience and knowledge about bitcoin since trading is a tough job. Regarding on cloud mining I never been try it before so I can't tell if there's a possibility for you to gain profit here.
hero member
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There are some legitimate mining in the cloud but you will only stop when reinvesting. There are people who are afraid of risk and he should know that otherwise he can keep it better. Try the altcoin business to double your bitcoin. I am looking forward to seeing your article
I rather go for trading than invest my money into cloud mining. Cloud mining sites are all the same– criminals. It will be better you don’t waste your precious money there. There are much better out there to do than that.
full member
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Cloud Mining is the process of bitcoin mining utilizing a remote data center with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. There are many cloud mining scams.this mining gives the details of bitcoin transactions.
sr. member
Activity: 585
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I am against localbitcoin platform ,though it has similar type of selling and buying just like any other forum but here at least you can hire a escrow for safety.and if you thinking of using it then always go second and do not trust them no matter what the rating they have.
hero member
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Most of cloud mining sites have turned out to be spam nowadays except some sites like genesis.
I have no clear idea about investing.
Trading is the best option for earning bitcoins.Trading could be started even by investing a very small amount.But experience is needed to minimize the risks and losses.

All of them soon will turn out into a scam and even those so called "legit" cloud mining ones are offering ridiculous contracts that there is a slow ROI and you can possibly can't get the capital that you did invested into them. So it's always better to just trade in local bitcoins on any platform that has a lot of alt coins to be bought.
sr. member
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I think its hardly impossible to double your investment by investing in any cloud mining farms.Even you would have to wait for six months to recover your investment.Any other investment would also not help you to double your bitcoins.Investing in any altcoin and trading might help you but its highly risky.But trading is the only legit source nowadays to earn more bitcoins.

It was not hardly impossible,but it was impossible.
Cloud mining is not profitable these year,if we're in early 2014ish,we might be can double our investment but not right now.the problem is the difficulty and also when you buy a contract today what will you get today and tommorow will be different.plus we need to pay a fee which is very high.some people (or even many people)  complained that their contract no longer profitable.

I prefer to trade other than cloud mining,but i do not recommend to trade on localbitcoin because my account get hacked multiple times and i do not know what is going on.from my observation,many phising website came up when i tried to login on localbitcoin.
hero member
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Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks  Smiley
Most of cloud mining sites have turned out to be spam nowadays except some sites like genesis.
I have no clear idea about investing.
Trading is the best option for earning bitcoins.Trading could be started even by investing a very small amount.But experience is needed to minimize the risks and losses.
full member
Activity: 350
Merit: 100
Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks  Smiley

the most profitable is trading within 1 day if you are good you will double your capital mining is a good way to earn but you will need capital to buy some serious rig and it takes time a little bit for you to get profit from it. I guess the most good option for you is trading and not just a trader but a super trader on all side you know that  altcoins is so tricky that you wouldn't know you buy high eyye blink it will fall down.
Actually, when trading on the stock exchange you can make good money, but this does not apply to Bitcoin. During the day, Bitcoin is quite stable. If we consider the price difference in translation about a week, then this is another matter.
full member
Activity: 143
Merit: 100
Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks  Smiley

the most profitable is trading within 1 day if you are good you will double your capital mining is a good way to earn but you will need capital to buy some serious rig and it takes time a little bit for you to get profit from it. I guess the most good option for you is trading and not just a trader but a super trader on all side you know that  altcoins is so tricky that you wouldn't know you buy high eyye blink it will fall down.
hero member
Activity: 686
Merit: 500
Hi.

I'm thinking of start selling bitcoins on localbitcoins for paypal and stuff, but I need to know which best way to double bitcoins is it cloud mining? investing or trading?

comment below, and no spam and this will be self moderated to avoid spams from ads posters.

thanks  Smiley
Cloud mining will not be a profitable investment nowadays.Most of them turn to be scam except some firms like genesis.Investing in gambling sites too would not yield profits regularly since it is totally based upon fortune.Trading has been the best and legit source of bitcoin from the beginning.Trading could be even started with a small amount.But greater the investment,greater the profit.
hero member
Activity: 952
Merit: 500
I think its hardly impossible to double your investment by investing in any cloud mining farms.Even you would have to wait for six months to recover your investment.Any other investment would also not help you to double your bitcoins.Investing in any altcoin and trading might help you but its highly risky.But trading is the only legit source nowadays to earn more bitcoins.
hero member
Activity: 3080
Merit: 603
Each person has different opinion about cloud mining and trading. But when it comes to practical you will make more through trading because start investing 0.01 in cloud mining and 0.01 in trading. After one week or one month compares your earning than you will make more profit with trading only.

It's better to max out your capital in trading because in cloud mining it's possible that before your contract ends you will be earning the same amount of your capital or worst comes worst you will be scammed and will don't have any return from them. As most of them are known to be a scam scheme so it's better not to trust any of them.
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